Purpose Canadian Financial Income Fund Series ETF (TSE:BNC) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Purpose Canadian Financial Income Fund Series ETF (TSE:BNC – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$30.28 and traded as high as C$33.33. Purpose Canadian Financial Income Fund Series ETF shares last traded at C$33.33, with a volume of 100 shares.

Purpose Canadian Financial Income Fund Series ETF Price Performance

The business’s 50-day moving average is C$32.15 and its two-hundred day moving average is C$30.28.

Purpose Canadian Financial Income Fund Series ETF Company Profile

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The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and Canadian Insurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthly distributions.To achieve its investment objectives, the fund will invest primarily in equity securities of Canadian Banks (up to 70% on an equal weighted basis) and to a lesser extent Canadian Insurance Companies (up to 30% on an equal weighted basis).

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